weekly forex outlooksHere i share my view in the new week trades ahead , and also giving some recap, on the previous week trades
Forexpositive
AUDCAD LONGaud is gaining strength while cad is weakening. This small price correction has ended and price is planning to move into new highs. I am going with the trend and wont be a risky long trade.
GBPUSD SHORTgbp is currently very weak while usd is gaining strength. Usd will be bullish this week. Price may consolidate for a little on this pair but I dont think price will move up until my target is hit.
EurjpyEurJpy - Price have been consolidating on the daily tf. I'll wait for price to take out the buyside and maybe hit the daily -OB.
Let not chase price but let price show its hand.
Take Note✍
Interesting Price ActionWhen we take a look at the daily TF there's a beautiful impulse correction , retracing to a previous structural level. Also when we use the fib tool to measure the impulse it has rejected twice on the golden fib level.
usdcadThe possibility of a further decline with the breaking of the trend line and the withdrawal of liquidity below it and a decline to 1.27 is very likely.
gbpusd short term long positiongbpusd trying to reject trend line and if price break trendline and close above trendline and psychological level 1.1780
then next target will be 1.1850
sgd/mxn hey all and happy weekend as we can see in the chart we have support im still waiting pullback to resstence level to take sell
tp1=13.9800
tp2= 13,91600
goodluck
dont forget to leave comment if you are agree or no
UPDATE in SETUP FOR EURAUD !!The level that should be broken to go Long on EURAUD had been changed, its the 1.46194 now and its already broken, so now we should wait for retest that shouldnt break the 38.20% of Fibonacci retracement and should in the form of a regular flag, expanding flag, running flag or contracting flag, then seeing some additional extra confirmation to spot the entry trigger and have a good setup and postion for a trade with +80% win rate. Follow me to stay in touch with any update and take the ride with me! Tell me what do you think about making a youtube channel where i'll post videos analazing the full charts so you can understande well.
GBPJPY D1SELL ENTRY @167.995
STOP LOSS@172.400
TAKE PROFIT@161.322
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Institutional Liquidity Orderflow 📉📉📉Hi guys! I would like to briefly explain my strategy, I use liquidity to understand where should market go .
🏦 Liquidity is basically a zone in the market where a lot of stops are located both retail/ institutional, I will look to enter near that area but only after the manipulation on the buy-side or sell-side liquidity to all my trades with "Smart Money". as known as "Wall Street"
You can separate the Liquidity Concepts in two areas.
✅ Buy Side Liquidity - area of the price where sellers put their stop loss, its located on old highs, equal highs (Resistance) above double tops, above key psychological numbers
✅ Sell Side Liquidity - area of the price where buyers put their stop losses, usually below old lows, below equal lows(support), below psychological key levels.
‼️ REMEMBER
Dumb Money sell at high
Smart Money SELL ABOVE THE HIGH
Dumb Money buy at low
Smart Money BUY BELOW THE LOW
Using this concept as i explained you will have less stop losses because you will allign your trades with institutional orderflow.
I attached couple photos so you can have a better understanding.
Bearish Engulfing Pattern 📉📉📉Bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle.
✅ A bearish engulfing pattern is a hint that a market may have formed a top. Any engulfing pattern below the daily time frame should be ignored. These patterns should only be traded at swing highs. The engulfing candle must break key support to be considered “tradable
✅ Bullish engulfing patterns are a confirmation that more buyers want to join the uptrend. On the other side, a bearish engulfing pattern gives confirmation for more sellers joining the short side
✅ An engulfing pattern is a strong reversal signal. There are bullish and bearish engulfing patterns and they are composed of two candlesticks – one bullish and one bearish. ... It is no
GBPJPY LONGS 📉📉📉Expect bullish price action on GJ price is right now rejecting an important area of supply POC area x2 + bullish orderblocks + bullish imbalances filled. I expect price to take out today the asian highs but it all depends on the volatility because its friday.
What do you think ? Comment below..
JPYBASKET SHORTS PENDING 📉📉📉Expect the price of JPY to start the selloff as we are approaching an important area of resistance around POC area x2 + bearish orderblock and bearish imbalance fill. This means bullish for xxx JPY pairs.
What do you think? Comment below..
GBPAUD LONGS 📉📉📉Expect the price to make a bull run there, we made a failure swing low that means bears lose in momentum and bulls gather in momentum. Rejected a D1 imbalance area with a daily closure, a lot of bearish imbalances that should be filled this week, i wait for a h4 bullish candlestick confirmation for further upside
What do you think? Comment below..
JPY BASKET LONGS 📉📉📉Expect JPY bullishnes as we are in a bullish market structure on a HTF premise, rejecting right now a bullish orderblock h4 ,, support area ,, we filled the bullish imbalances and right now should see another leg to the upside.
GBPJPY SHORTS INTRA-DAY 📉📉📉 Price reject a bearish orderblock area on H1/M30 TF, we are in a bearish market structure. Yesterday price made the BOS bearish that signs that we are in a bearish move and right now should expect another leg to the downside, we have also some imbalances bullish that should be filled.
LETS GO
EURCHF SHORTS INTRADAY 📉📉📉Expect a selloff over there price filled h4 imbalance and right now is rejecting that are of interest, we have a lot of bullish imbalances that price will tend to fill in a later time.
LETS GO
EURAUD LONGS 📉📉📉Expect the price to make another leg to the upside as we are in a bullish market structure, price took out liquidity below 1.58500 rejecting a nice orderblock area on h4 TF, we have a lot of bearish imbalances that should be closed asap.
What do you think ? Comment below..
